Securities Code: 002881
Securities Abbreviation: Megvii Intelligent
Announcement Number: 2026-054
Megvii Intelligent Technology Co., Ltd.
Announcement on Termination of Some A-Share Raised Fund Investment Projects and Adjustment of Investment Plan
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Megvii Intelligent Technology Co., Ltd. (hereinafter referred to as the "Company") held the 21st meeting of the Fourth Board of Directors on August 17, 2026, and reviewed and approved the "Proposal on Terminating Some A-Share Raised Fund Investment Projects and Adjusting the Investment Plan." The Company agreed to terminate the "R&D Center Construction Project" in Xi'an based on the actual situation of the A-share raised fund investment projects. The remaining raised funds will be used for the "5G+AIoT Module and Solution Industrialization Project." Concurrently, based on the Company's business development plan, R&D investment, and intelligent manufacturing capacity construction needs, the "5G+AIoT Module and Solution Industrialization Project" has been re-evaluated, and its investment plan has been adjusted.
The "Proposal on Terminating Some A-Share Raised Fund Investment Projects and Adjusting the Investment Plan" still needs to be submitted for review by the Company's shareholders' meeting. The relevant situation is hereby announced as follows:
I. Basic情况 of Raised Funds
With the approval of the China Securities Regulatory Commission's "Approval on Approving Megvii Intelligent Technology Co., Ltd.'s Non-public Offering of Shares" (Zhengjian Permit (2022) No. 533), the Company issued 21,208,503 ordinary shares of RMB to specific objects at an issuance price of RMB 28.46 per share. The total amount of raised funds was RMB 603,594,000. After deducting issuance expenses (excluding VAT) of RMB 10,663,500, the net amount of raised funds was RMB 592,930,500.
The above information on the arrival of raised funds has been verified by Xinyonghe Certified Public Accountants (Special General Partnership) and a "Capital Verification Report" (XYZH/2023SZAA7B0002) has been issued. The Company manages the raised funds in a special account and has signed a tripartite supervision agreement for the raised funds with the sponsor and the bank where the raised funds are deposited.
II. Use of Raised Funds
As the net amount of raised funds is less than the planned investment amount for the raised fund investment projects, the Company's Board of Directors, based on the actual needs of the projects and without changing the premise of the raised fund investment projects, has appropriately adjusted the investment amount of the raised funds. The committed investment situation of the raised funds and the amount already invested as of June 30, 2026, are as follows:
| Serial Number | Project Name | Total Project Investment | Planned Raised Fund Investment (Before Adjustment) | Planned Raised Fund Investment (After Adjustment) | Amount Already Invested |
|---|---|---|---|---|---|
| 1 | 5G+AIoT Module and Solution Industrialization | 44,589.20 | 40,296.24 | 39,229.85 | 12,607.22 |
| 2 | R&D Center Construction Project | 7,368.20 | 5,063.20 | 5,063.20 | 627.90 |
| 3 | Supplement Working Capital | 15,000.00 | 15,000.00 | 15,000.00 | 15,000.00 |
| Total | 66,957.40 | 60,359.44 | 59,293.05 | 28,235.12 |